An Insurer must calculate its Adjusted Non-Cellular Capital Resources according to the formula:
ANCR = ANE – HNCA
where:
ANCR means the Insurer'sAdjusted Non-Cellular Capital Resources; ANE means the Insurer's adjusted non-cellular equity; and HNCA means the Insurer's hybrid non-cellular capital adjustment.
Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]